Question: You are considering two amortized loans with the same number of months to repay and the same initial amount borrowed. If the interest rate on

You are considering two amortized loans with the same number of months to repay and the same initial amount borrowed. If the interest rate on Loan A is _____________than the rate on Loan B, then the payment on Loan A will be ___________the payment on Loan B.
Group of answer choices
lower; higher than
higher; lower than
higher; higher than
lower; same as

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